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CONSOLIDATED INCOME STATEMENTS - ARS ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
CONSOLIDATED INCOME STATEMENTS |  |  |
Revenues | $ 65,186 | $ 53,240 | $ 40,496
Other income | 133 | 83 | 44
Total revenues and other income | 65,319 | 53,323 | 40,540
Employee benefit expenses and severance payments | (12,718) | (9,800) | (7,253)
Interconnection costs and other telecommunication charges | (3,148) | (2,553) | (2,170)
Fees for services, maintenance, materials and supplies | (6,600) | (5,006) | (3,919)
Taxes and fees with the Regulatory Authority | (6,107) | (5,125) | (3,943)
Commissions | (3,631) | (3,849) | (3,193)
Cost of equipments and handsets | (6,684) | (6,188) | (4,595)
Advertising | (1,218) | (874) | (814)
Cost of VAS | (874) | (1,499) | (1,256)
Provisions | (590) | (187) | (113)
Bad debt expenses | (1,113) | (1,228) | (564)
Other operating expenses | (3,280) | (2,590) | (1,854)
Depreciation and amortization | (6,928) | (6,198) | (4,438)
Disposals and impairment of PP&E | (316) | (383) | (199)
Operating income | 12,112 | 7,843 | 6,229
Finance income | 3,115 | 1,006 | 1,130
Finance expenses | (3,601) | (3,250) | (2,232)
Income before income tax expense | 11,626 | 5,599 | 5,127
Income tax expense | (3,902) | (1,594) | (1,692)
Net income for the year | 7,724 | 4,005 | 3,435
Attributable to: |  |  |
Telecom Argentina (Controlling Company) | 7,630 | 3,975 | 3,403
Non-controlling interest | $ 94 | $ 30 | $ 32
Earnings per share attributable to Telecom Argentina |  |  |
Basic and diluted | $ 7.87 | $ 4.10 | $ 3.51

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